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BREAKING
Araghchi: We have always supported Lebanon's sovereignty and territorial integrity at all times, we still do in these difficult circumstances.
Iranian Foreign Minister Abbas Araghchi from Beirut: Lebanon's independence and territorial integrity are of great importance to Iran, we support it against occupation.
Israeli army admits 3 soldiers of rank of Staff Sergeant were killed, 2 others injured in northern Gaza.
Occupied Palestine: Palestinian media: Martyrs and injuries as a result of the Israeli occupation firing on displaced people while they were waiting for aid west of Rafah.
Al Mayadeen's correspondent in occupied Palestine: 3 martyrs, including a child, as a result of Israeli occupation forces bombing displaced persons' tents in Deir al-Balah in the central Gaza Strip.
Israeli media: Yedioth Ahronoth: Concern in "Israel" over changes within the US administration in recent days.
Al-Qassam Brigades says its fighters are engaging in fierce clashes with the occupation forces, killing and wounding soldiers east of Jabalia camp.
Israeli media platforms are circulating preliminary reports about a multi-causalty ambush in Jabalia camp, Gaza.
Al Mayadeen's correspondent: 35 martyrs, 75 injured in occupation targeting of civilians seeking food aid in Rafah, Khan Younis, southern Gaza.
Da Silva: What is happening in Gaza is not a war, it is a genocide

Netherlands: Inflation surpasses 10% for the first time since 1975

  • By Al Mayadeen English
  • Source: Agencies
  • 5 Aug 2022 09:26
2 Min Read

Energy prices increase by 108 percent in July compared to the same month the previous year, as per the Dutch Central Bureau of Statistics.

  • x
  • The Dutch system of calculation recorded 10.3 percent inflation in July.
    The Dutch system of calculation recorded 10.3 percent inflation in July.

The Dutch Central Bureau of Statistics (CBS) reported that inflation in the Netherlands reached 10.3 percent in July for the first time since 1975.

Prices increased by 8.6 percent in June, as per the Bureau. Meanwhile, inflationary pressures are being driven by rising prices for energy, food, not to mention rent.

Energy prices increased by 108 percent in July compared to the same month the previous year, while food prices increased by 12.3 percent. Grain, dairy products, sugar, and ice cream are the food products with the greatest price increases.

The Dutch system of calculation recorded 10.3 percent inflation in July, while the EU method produced a higher figure: 11.6 percent.

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In the past few months, the US, the EU, and its allies have been initiating a series of campaigns against Russia.

Despite the sanctions and the partial embargo imposed on Russia's oil, the Russian economy has defied the odds in countering oppressive measures.

The IMF stated last week that Russia's economy looks to be weathering the storm better than predicted, owing to high energy prices and strong resilience of domestic demand as a result of government support.

However, sanctions against Russia proved to be devastating for its unintended targets, as the West and its peoples have been thrown into a recession.

Read more: Le Pen: End useless sanctions against Russia

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